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2017 Chevy Volt Lease Deal -- Please Critique Deal

louie1976louie1976 Posts: 5
edited December 2016 in Chevrolet
Hi All,

I'm in the process of negotiating a 2017 LT Volt -- Appreciate your feedback on the below:
- MSRP $36,155
- Dealer Discount $3,959K
- GM Lease Incentives $7860 ($6860 lease cash + $500K bonus tag + $500 lease conquest)
- Term: 36 months / 12K
- MF .0004
- Residual 50%
- Tax = 8% (SoCal)
- Zero Cap Cost Reductions
- Pay all drive-off fees up front (Taxes on rebates, Registration, Doc, Lease Acquistion, etc)
- Payment = $204 / month

Side Note:
I'm considering advancing a cash down payment of $2,200 in anticipation of rebates (California $1500 + Costco $700) -- This would render a payment of $137 / month

Welcome any feedback!

Comments

  • kyfdxkyfdx Posts: 104,228
    louie1976 said:

    Hi All,

    I'm in the process of negotiating a 2017 LT Volt -- Appreciate your feedback on the below:
    - MSRP $36,155
    - Dealer Discount $3,959K
    - GM Lease Incentives $7860 ($6860 lease cash + $500K bonus tag + $500 lease conquest)
    - Term: 36 months / 12K
    - MF .0004
    - Residual 50%
    - Tax = 8% (SoCal)
    - Zero Cap Cost Reductions
    - Pay all drive-off fees up front (Taxes on rebates, Registration, Doc, Lease Acquistion, etc)
    - Payment = $204 / month

    Side Note:
    I'm considering advancing a cash down payment of $2,200 in anticipation of rebates (California $1500 + Costco $700) -- This would render a payment of $137 / month

    Welcome any feedback!

    We agree with .00040 MF and 50% residual.
    I get $190/mo.+tax, so $204/mo. looks about right.

    The money is cheap (1% APR).
    I'd roll in as much as I could.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator




  • We agree with .00040 MF and 50% residual.
    I get $190/mo.+tax, so $204/mo. looks about right.

    The money is cheap (1% APR).
    I'd roll in as much as I could.


    Thanks kyfdx -- Excellent point re the low APR
  • Wow great deal! Can I ask you what packages you got with the car? Such as did you get leather interior? Upgraded items? Could you put me in touch with your sales guy or let me know the dealer. I'm in LA and would love to get this car.
  • Also, what were the drive off fees that you paid?
  • I'm negotiating a 2017 volt lease. 12K miles/year. $5K down. Dealer is offering $267/month, but don't know other fees yet. What is MF and residual. Thanks!
  • kyfdxkyfdx Posts: 104,228
    dcbob24 said:

    I'm negotiating a 2017 volt lease. 12K miles/year. $5K down. Dealer is offering $267/month, but don't know other fees yet. What is MF and residual. Thanks!

    Which trim? How many months?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Sorry -- 36 months. LT. With Bose.
  • MichaellMichaell ColoradoPosts: 94,051
    kyfdx said:

    dcbob24 said:

    I'm negotiating a 2017 volt lease. 12K miles/year. $5K down. Dealer is offering $267/month, but don't know other fees yet. What is MF and residual. Thanks!

    Which trim? How many months?
    dcbob24 said:

    Sorry -- 36 months. LT. With Bose.

    .00040 and 50%

    $5K out of your pocket at signing? That's a lot - what state and tax rate is this?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Can you tell me the MF and Residual for 2017 Volt LT 24/10k/12K, 36/10K/12k for a South Carolina
  • kyfdxkyfdx Posts: 104,228
    bloomjbmw said:

    Can you tell me the MF and Residual for 2017 Volt LT 24/10k/12K, 36/10K/12k for a South Carolina

    .00062 MF and 51%/50% residual for 36 months.
    $4610 lease cash

    Don't show any supported rates for 24 months.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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